Shares of TravelCenters of America LLC (NASDAQ:TA) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $7.67.
A number of brokerages have recently commented on TA. Zacks Investment Research raised shares of TravelCenters of America from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup set a $4.00 target price on shares of TravelCenters of America and gave the company a “hold” rating in a research note on Monday, March 5th. B. Riley set a $9.00 target price on shares of TravelCenters of America and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, TheStreet raised shares of TravelCenters of America from a “d” rating to a “c-” rating in a research note on Thursday, November 30th.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in TravelCenters of America by 29.5% during the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after buying an additional 9,506 shares during the period. Wells Fargo & Company MN increased its stake in TravelCenters of America by 57.0% during the 4th quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock worth $166,000 after buying an additional 14,708 shares during the period. Jane Street Group LLC increased its stake in TravelCenters of America by 37.4% during the 4th quarter. Jane Street Group LLC now owns 54,719 shares of the specialty retailer’s stock worth $224,000 after buying an additional 14,887 shares during the period. Signia Capital Management LLC increased its stake in TravelCenters of America by 2.9% during the 3rd quarter. Signia Capital Management LLC now owns 686,442 shares of the specialty retailer’s stock worth $2,917,000 after buying an additional 19,240 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in TravelCenters of America during the 4th quarter worth $113,000. 32.62% of the stock is currently owned by hedge funds and other institutional investors.
TravelCenters of America (NASDAQ TA) opened at $3.70 on Tuesday. TravelCenters of America has a one year low of $2.95 and a one year high of $6.38. The company has a quick ratio of 0.58, a current ratio of 1.22 and a debt-to-equity ratio of 1.21. The company has a market cap of $147.94, a price-to-earnings ratio of 9.02 and a beta of 1.93.
TravelCenters of America (NASDAQ:TA) last issued its earnings results on Wednesday, February 28th. The specialty retailer reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.47). TravelCenters of America had a net margin of 0.15% and a negative return on equity of 2.20%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business posted ($0.17) EPS. The business’s revenue was up 12.5% on a year-over-year basis. sell-side analysts forecast that TravelCenters of America will post -0.12 earnings per share for the current year.
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About TravelCenters of America
TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.
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